Renaldas Seibutis signed a three-year contract to return to Olympiacos Piraeus on Wednesday, the team announced. Seibutis (196, 21) spent the 2005/06 season with the Reds, averaging 6.3 points in 18 minutes per game in the Euroleague, helping the club to the Quarterfinal Playoffs. Last season the swingman joined Maroussi on loan and averaged 14.6 points in 28 Greek League games. He began his career in his native Lithuania with Sakalai Vilnius. Among his career highlights was being named the MVP of the Under-21 World Championships two years ago in Argentina as he led his team to the gold medal.